ON Semiconductor Sells IGBT Line to Close Fairchild Deal

ON Semiconductor Corp. has sold its insulated gate bipolar transistor (IGBT) product line to Littelfuse, Inc.  in order to move ahead with its acquisition of Fairchild Semiconductor. The U.S. Federal Trade Commission (FTC) required that ON Semiconductor “dispose of its” IGBT business prior to the closing of the acquisition. The IGBT business generated less than…